Frank B Walker Trust 5221 00 5
Frank B Walker Trust consistently spends more than its revenue, leading to a decade-long decline in assets.
EIN: 16008118 · Bath, ME · NTEE: T60Z · Updated: 2026-03-28
Is Frank B Walker Trust 5221 00 5 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frank B Walker Trust 5221 00 5 directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frank B Walker Trust 5221 00 5
Frank B Walker Trust 5221 00 5 (EIN: 16008118) is a nonprofit organization based in Bath, ME, classified under NTEE code T60Z. The organization reported total revenue of $94K and total assets of $339K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank B Walker Trust 5221 00 5's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Frank B Walker Trust 5221 00 5 with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Frank B Walker Trust 5221 00 5 allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for a grantmaking trust.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Frank B Walker Trust 5221 00 5's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) over multiple years, leading to asset depletion.
- Significant decline in total assets over the past decade (from $480,175 in 201408 to $341,222 in 202408).
Strengths
The following positive indicators were identified for Frank B Walker Trust 5221 00 5:
- Zero reported officer compensation, indicating high efficiency in executive costs.
- No reported liabilities, suggesting a clean balance sheet.
- Consistent filing of IRS Form 990s, indicating transparency.
Frequently Asked Questions about Frank B Walker Trust 5221 00 5
Is Frank B Walker Trust 5221 00 5 a legitimate charity?
Based on AI analysis of IRS 990 filings, Frank B Walker Trust 5221 00 5 (EIN: 16008118) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Frank B Walker Trust 5221 00 5 spend its money?
Frank B Walker Trust 5221 00 5 directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Frank B Walker Trust 5221 00 5 tax-deductible?
Frank B Walker Trust 5221 00 5 is registered as a tax-exempt nonprofit (EIN: 16008118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Frank B Walker Trust 5221 00 5 financially sustainable?
The trust's financial sustainability is questionable given its consistent trend of expenses exceeding revenue, leading to a significant decline in assets from $480,175 in 201408 to $341,222 in 202408. This pattern suggests it is drawing down its principal to fund its activities.
What are the primary expenses of the trust?
Without a detailed breakdown of expenses in the provided data, it's assumed that the reported expenses are primarily program-related distributions, as there is no reported officer compensation or indication of significant administrative or fundraising costs.
Why are assets declining over time?
Assets are declining because the trust's annual expenses consistently exceed its annual revenue. For example, in 202408, expenses were $36,570 while revenue was only $16,254, resulting in a net loss that reduces the asset base.
Filing History
IRS 990 filing history for Frank B Walker Trust 5221 00 5 showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2024), Frank B Walker Trust 5221 00 5's revenue has declined by 60.2%, moving from $41K to $16K. Total assets decreased by 24.9% over the same period, from $455K to $341K. Total functional expenses rose by 56%, from $23K to $37K. In its most recent filing year (2024), Frank B Walker Trust 5221 00 5 reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1 in liabilities against $341K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $341K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $16K | $37K | $341K | $1 | — | — |
| 2023 | $33K | $42K | $362K | $1 | — | View 990 |
| 2022 | $25K | $46K | $371K | $1 | — | — |
| 2021 | $41K | $36K | $392K | $1 | — | View 990 |
| 2020 | $27K | $34K | $387K | $1 | — | — |
| 2019 | $18K | $31K | $394K | $0 | — | View 990 |
| 2016 | $4K | $28K | $435K | $0 | — | View 990 |
| 2015 | $6K | $28K | $458K | $0 | — | View 990 |
| 2014 | $36K | $30K | $480K | $0 | — | View 990 |
| 2013 | $51K | $28K | $474K | $0 | — | View 990 |
| 2012 | $38K | $28K | $464K | $0 | — | View 990 |
| 2011 | $41K | $23K | $455K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $16K, expenses of $37K, and assets of $341K (revenue -50.3% year-over-year).
- 2023: Revenue of $33K, expenses of $42K, and assets of $362K (revenue +30.0% year-over-year).
- 2022: Revenue of $25K, expenses of $46K, and assets of $371K (revenue -38.1% year-over-year).
- 2021: Revenue of $41K, expenses of $36K, and assets of $392K (revenue +49.8% year-over-year).
- 2020: Revenue of $27K, expenses of $34K, and assets of $387K (revenue +55.1% year-over-year).
- 2019: Revenue of $18K, expenses of $31K, and assets of $394K (revenue +325.1% year-over-year).
- 2016: Revenue of $4K, expenses of $28K, and assets of $435K (revenue -31.4% year-over-year).
- 2015: Revenue of $6K, expenses of $28K, and assets of $458K (revenue -83.4% year-over-year).
- 2014: Revenue of $36K, expenses of $30K, and assets of $480K (revenue -29.6% year-over-year).
- 2013: Revenue of $51K, expenses of $28K, and assets of $474K (revenue +33.9% year-over-year).
- 2012: Revenue of $38K, expenses of $28K, and assets of $464K (revenue -6.3% year-over-year).
- 2011: Revenue of $41K, expenses of $23K, and assets of $455K.
Data Sources and Methodology
This transparency report for Frank B Walker Trust 5221 00 5 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.